Archive for the ‘Blog’ Category

National Debts vs National Revenues

Thursday October 8th, 2015   •   Posted by Craig Eyermann at 6:32am PDT   •   0 Comments

Not long ago, we featured a creative visualization of data developed by Jeff Desjardins of Visual Capitalist showing how all the money owed by all the governments of the world is broken up between them. Desjardins has surpassed himself with a new world debt infographic, which digs into the ability of the world’s nations...
Read More »

Duncan Departs, but Federal Education Waste Lives On

Wednesday October 7th, 2015   •   Posted by K. Lloyd Billingsley at 5:14am PDT   •   0 Comments

Arne Duncan is stepping down as federal Education Secretary but the Washington Post news story of almost 3,000 words left out some key details. Duncan, one of the president’s Chicago pals, has been the federal point man against school choice. As we noted, the current president, like Bill Clinton and Jimmy Carter before him,...
Read More »

Government Predatory Lending

Tuesday October 6th, 2015   •   Posted by K. Lloyd Billingsley at 5:26am PDT   •   0 Comments

Politicians and pundits like to decry predatory lending, the practice of private banks and credit card companies preying on poor and vulnerable people. Indeed a new federal agency, the Consumer Financial Protection Bureau, was recently established to ride herd on private lenders. As Brad Branan of the Sacramento Bee shows the worst offenders would...
Read More »

Which State Is the Worst Off Because of Debt?

Monday October 5th, 2015   •   Posted by Craig Eyermann at 6:45am PDT   •   1 Comment

Last week, we considered what your share of your state’s debt is. Today, we’re going to find out which state is in the worst situation with respect to its debt! Before we go any farther, let’s consider what we mean by worst off. While having the largest debt per capita is not a good...
Read More »

What’s Your Share of Your State’s Debt?

Thursday October 1st, 2015   •   Posted by Craig Eyermann at 6:16am PDT   •   0 Comments

The following chart appeared in a Bloomberg article several weeks ago comparing the size of all-but-completely-bankrupt U.S. territory Puerto Rico with the 50 states. You might want to click on the image to see a larger one to see how your state ranks. Bloomberg explains the numbers: Puerto Rico’s debt per capita of $15,637...
Read More »

Class-Action Lawsuit Targets Taxpayers

Wednesday September 30th, 2015   •   Posted by K. Lloyd Billingsley at 11:58am PDT   •   0 Comments

In California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, Lawrence McQuillan discovered that California accounts for $550 billion to $750 billion of the $4.7 trillion in unfunded pension liabilities nationwide. The biggest player is the California Public Employees’ Retirement System (CalPERS) which in 1999 assured legislators that its investment earnings would...
Read More »

Pentagon Blimps a $2.7 Billion Bust

Monday September 28th, 2015   •   Posted by K. Lloyd Billingsley at 10:24am PDT   •   0 Comments

The Pentagon deploys the Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS) to guard the nation from cruise missiles and other low-flying threats. JLENS primary contractor, Raytheon, says the system is proven capable and performing well right now, but as David Willman notes in the Los Angeles Times, taxpayers might have...
Read More »

Furnishing the EPA’s Environment

Monday September 28th, 2015   •   Posted by Craig Eyermann at 6:21am PDT   •   0 Comments

The U.S. Environmental Protection Agency has a lot of problems. For instance, the federal government department has had to tell its employees to stop defecating in its office hallways. The agency’s top expert on climate change is currently serving time in federal prison for collecting a paycheck for years without actually doing any work....
Read More »

Where Does All the Money Go Instead?

Saturday September 26th, 2015   •   Posted by Craig Eyermann at 6:36am PDT   •   0 Comments

Jay Obernolte of the Los Angeles Times asked a question that nearly every California resident who has traveled in a car almost anywhere in the state at almost anytime in recent decades might also have asked: “Why are California’s roads so bad?“ Given that Californians pay about 40% more in taxes and fees than...
Read More »

The Perks of Owning U.S. Debt

Wednesday September 23rd, 2015   •   Posted by Craig Eyermann at 6:49am PDT   •   0 Comments

What benefit does China get for being the largest single foreign lender of money to the U.S. federal government? Well, if Time magazine’s Rana Foroohar is right, the biggest benefit may be that China gets the right to set the course for U.S. monetary policy. Foroohar writes: In important ways, China now controls U.S....
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost